With a population of approximately 279.8 million people as of July 2024, Indonesia has around 77% of its population unbanked or underbanked, due to systematic problems (high banking fees, hurdles, etc.), restrictive policies, bank scams, and other malpractices.Since the beginning of their Bitcoin initiative, there have been over 20 meetups held monthly in Indonesia, leading to significant Bitcoin adoption despite the heavy restrictions on foreign currency in the country.In this blog post, we will explore how a small group of Bitcoiners are gradually increasing the adoption rate of Bitcoin in Indonesia, the world's fourth most populous country, despite numerous challenges.We will delve into the evolution of Bitcoin Indonesia and how the local communities are doing their best to empower Indonesia through Bitcoin.Join us as we explore how Bitcoin adoption is going and how much progress has been made in Indonesia.
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21 sats \ 0 replies \ @Akg10s33 6 Aug
We have to consider that since Indonesia is a country with a fairly considerable number of inhabitants... if it is achieved and it is certain that it will be like this, implementing and adapting its economy to Bitcoin or also, so to speak, to the Cryptoeconomy... it would be wonderful for its economy and would help them stabilize and advance in the long term đź’Ş
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21 sats \ 0 replies \ @krawall 7 Aug
I’ve posted this on Nostr before but with the Indonesian rupiah on a never ending decline I wonder what the idea of the government is.
Hodling is not illegal but apparently you are not able to make payments as it’s deemed illegal.
However I really wonder how this is really handled in practice. Bitcoin can be used as a barter, is it then illegally as well? Are not able to swap motorbikes against food if you wanted to?
I did not a receive feedback from bitcoin house Bali. Silly me, just been there a few days ago but realized to late they exist - could have visited them up and speak in person!
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0 sats \ 0 replies \ @bature_ 7 Aug
Nice pieceđź‘Ź
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0 sats \ 0 replies \ @iam_jerry 7 Aug
Bitcoin is winning.
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